Pres Trump says US has the best economy on the planet

Mar 2012
58,656
40,161
New Hampshire
So what are your predictions for GDP this week? Bigly numbers?

With the release of second-quarter growth numbers just three days away, President Donald Trump is enthusiastic about growth, to say the least.

While not mentioning the upcoming gross domestic product report from the Bureau of Economic Analysis, Trump indicated in a tweet Tuesday that the economy is powering along. The Trump tweet comes after Fox Business Network reported that the president has been telling associates that he sees the number around 4.8 percent.

https://www.cnbc.com/2018/07/24/ahead-of-big-gdp-report-trump-says-us-has-best-economy-on-the-planet.html
 

Libertine

Moderator
Apr 2015
15,692
3,011
Katmandu
So what are your predictions for GDP this week? Bigly numbers?

With the release of second-quarter growth numbers just three days away, President Donald Trump is enthusiastic about growth, to say the least.

While not mentioning the upcoming gross domestic product report from the Bureau of Economic Analysis, Trump indicated in a tweet Tuesday that the economy is powering along. The Trump tweet comes after Fox Business Network reported that the president has been telling associates that he sees the number around 4.8 percent.

https://www.cnbc.com/2018/07/24/ahead-of-big-gdp-report-trump-says-us-has-best-economy-on-the-planet.html
I would be surprised if it were that high, but it probably mean the first 3%+ year we have seen in over a decade.
 
Jan 2018
943
987
The greatest place in America, California
I would be surprised if it were that high, but it probably mean the first 3%+ year we have seen in over a decade.
That is true. GW wasted it and Obama got it back up and running to get where it is.
 

Djinn

Council Hall
Dec 2007
51,974
38,868
Pennsylvania, USA
The GDP growth rate was 1.5% when Obama left office, what is good about that?
Given where it was when he started, that's pretty impressive. He was put in the cockpit of a plane already in a downward spiral. At the end of his term, that plane was finally gaining altitude.

During Obama's first year in office (2009-2010), the GDP went up by 5.3%. That's one of the largest single gains in U.S. history.

https://www.thebalance.com/us-gdp-by-year-3305543
 
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StanStill

Former Staff
Dec 2013
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Given where it was when he started, that's pretty impressive. He was put in the cockpit of a plane already in a downward spiral. At the end of his term, that plane was finally gaining altitude.

During Obama's first year in office (2009-2010), the GDP went up by 5.3%. That's one of the largest single gains in U.S. history.

https://www.thebalance.com/us-gdp-by-year-3305543
Yeah, but Trumps first year in office was totally blew that away by -2.3% (projected)
 
Jan 2016
57,388
54,197
Colorado
So what are your predictions for GDP this week? Bigly numbers?

With the release of second-quarter growth numbers just three days away, President Donald Trump is enthusiastic about growth, to say the least.

While not mentioning the upcoming gross domestic product report from the Bureau of Economic Analysis, Trump indicated in a tweet Tuesday that the economy is powering along. The Trump tweet comes after Fox Business Network reported that the president has been telling associates that he sees the number around 4.8 percent.

https://www.cnbc.com/2018/07/24/ahead-of-big-gdp-report-trump-says-us-has-best-economy-on-the-planet.html
Frankly, I won't be shocked to see a number in the 5% range on Friday. U.S. consumers are spending recklessly, in anticipation of real wage gains that simply might not come. The personal saving rate has fallen to levels last seen in 2006-2007. Uh-oh.


This will be the high-water mark for the Trump economy. The 3rd Quarter will still see a decent growth number, maybe in the 3.5% range, but after that, going into 2019, I am expecting a real slowdown with mounting debt difficulties and worsening balance sheets in all sectors: household, corporate, and government.
 
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Libertine

Moderator
Apr 2015
15,692
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Katmandu
Given where it was when he started, that's pretty impressive. He was put in the cockpit of a plane already in a downward spiral. At the end of his term, that plane was finally gaining altitude.

During Obama's first year in office (2009-2010), the GDP went up by 5.3%. That's one of the largest single gains in U.S. history.

https://www.thebalance.com/us-gdp-by-year-3305543
I don't see any 5.3% in there.

From your cite:

2009 $14.419 $14.419 -2.8%
2010 $14.964 $14.784 2.5%
2011 $15.518 $15.021 1.6%
2012 $16.155 $15.355 2.2%
2013 $16.692 $15.612 1.7%
2014 $17.428 $16.013 2.6%
2015 $18.121 $16.472 2.9%
2016 $18.625 $16.716 1.5%
2017 $19.391 $17.096 2.3%
 

Djinn

Council Hall
Dec 2007
51,974
38,868
Pennsylvania, USA
I don't see any 5.3% in there.

From your cite:

2009 $14.419 $14.419 -2.8%
2010 $14.964 $14.784 2.5%

2011 $15.518 $15.021 1.6%
2012 $16.155 $15.355 2.2%
2013 $16.692 $15.612 1.7%
2014 $17.428 $16.013 2.6%
2015 $18.121 $16.472 2.9%
2016 $18.625 $16.716 1.5%
2017 $19.391 $17.096 2.3%
Look at the difference between 2009 (when Obama first took office) and 2010 (one year later). That dramatic reversal is pure Obama; his policies, his actions.
 
Jul 2011
35,739
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Given where it was when he started, that's pretty impressive. He was put in the cockpit of a plane already in a downward spiral. At the end of his term, that plane was finally gaining altitude.

During Obama's first year in office (2009-2010), the GDP went up by 5.3%. That's one of the largest single gains in U.S. history.

https://www.thebalance.com/us-gdp-by-year-3305543
That's not what I see from this link.